Allcargo Logistics (ALLCARGO) Q2 25/26 earnings summary

Executive summary

• Completed major restructuring: international business demerged, express and contract logistics merged into a single listed entity, and Allcargo Gati Limited amalgamated effective November 1, 2025.

• Express and consultative logistics businesses achieved highest-ever quarterly and monthly revenues, with express business gaining market share among top five players.

• Board approved unaudited standalone and consolidated financial results for Q2 and H1 FY26, with auditors issuing unmodified opinions.

• Major leadership changes: new Managing Director & CEO, CFO, Company Secretary, and Internal Auditor appointed effective November 1, 2025.

• Focused on unlocking synergies, operational efficiencies, and sustainable value creation.

Financial highlights

• Q2 FY26 consolidated revenue at INR 537 crore, up 11% year-on-year and 9% sequentially; H1 FY26 revenue at INR 1,028 crore.

• Gross profit at INR 154 crore, up 3% year-on-year and 5% sequentially; EBITDA at INR 62 crore, up 27% year-on-year and 22% sequentially.

• Q2 FY26 PBT from operating activities at INR 9 crore, reversing losses from previous periods (excluding exceptional items); reported PBT at -INR 18 crore due to restructuring costs.

• Net cash position at INR 22 crore as of Q2 FY26.

• Standalone and consolidated total income for Q2 FY26 was INR 550 crore, up from INR 489 crore in Q2 FY25.

Outlook and guidance

• Management maintains guidance for FY28 and FY30, targeting 20% EBITDA CAGR and 10% gross margin CAGR; projected 12% revenue CAGR and 21% EBITDA CAGR over FY25–FY30.

• Positive on achieving higher general price increases and leveraging strong market conditions.

• Integration synergies expected to drive further operating leverage and efficiency gains.